Share Dealing Discussion Area

simpywimpy

I bought RBS, Lloyds and Barclays recently. All are down of course but for the current price I thought it worth my while giving them a go on a long term strategy. Always weigh up my risk though and only pay what Ican afford to lose

simpywimpy

Anybody got Premier foods and taken up the extra shares offer?

dch8126

Hi, I'm a complete noob looking to buy/sell a few shares to get some experience.
Is it literally a case of opening, say, a Hoodless Brennan account, adding some funds and buying some shares when I think the price is right. Am I then able to sell those shares at any time or does there need to be a buyer wanting to buy them. For example, I buy some Barclays shares at 90p and watch them for a while, then sell them at 110p, pay a bit of commision and pocket the difference.

Many thanks for any advice anyone can offer.

shrewsaver

dch8126 wrote: »

Hi, I'm a complete noob looking to buy/sell a few shares to get some experience.
Is it literally a case of opening, say, a Hoodless Brennan account, adding some funds and buying some shares when I think the price is right. Am I then able to sell those shares at any time or does there need to be a buyer wanting to buy them. For example, I buy some Barclays shares at 90p and watch them for a while, then sell them at 110p, pay a bit of commision and pocket the difference.

Many thanks for any advice anyone can offer.

Yes it is as easy as you have put it but always do some research before you buy. What I tend to do is when I put some more money in, I either look at a new company to invest in or invest in the one's I already have but look at the share price and only invest in those that are below my average cost per share of the ones I have bought.

In my portfolio at the moment I have:
BBA Aviation
British Airways
EasyJet
Fuller, Smith & Turner Brewers
Jessops
Northern Foods
Royal Bank of Scotland
Sports Direct

Have a look at this one too:
click here to view their website (Interactive Investor)

They give you an option to invest money into your account or you can tfr money from your debit card straight away.

Doshwaster

dch8126 wrote: »

Hi, I'm a complete noob looking to buy/sell a few shares to get some experience.
Is it literally a case of opening, say, a Hoodless Brennan account, adding some funds and buying some shares when I think the price is right. Am I then able to sell those shares at any time or does there need to be a buyer wanting to buy them. For example, I buy some Barclays shares at 90p and watch them for a while, then sell them at 110p, pay a bit of commision and pocket the difference.

Many thanks for any advice anyone can offer.

Pretty much, yes.

Only one thing to watch out for. If you buy £100 worth of shares and pay £10 in fees then they have to rise in value by 10% to get your money back. They have to rise in value by 20% before you can sell them and get what you paid for them.

If you invest £1000 at a time, they only need to rise by 2% before you are in profit.

The lesson: Buying and selling individual shares isn't cost effective for small amounts at a time.I would say £500 should be the minimum investment.

BillytheFish_2

All good advice above to those new to share trading. I just started about 3 weeks ago. My first deal was for £100 worth of shares and I quickly realised that it's really not worth dealing in such small amount because of commission/stamp duty on trades.

I bought the book "The Naked Trader" on the advice on this board and have found it an excellent introduction to share trading. You have to read a little between the lines at points (usually the bits about residual income) as he obviously does have financial interests in your joining the schemes he recommends. It would be nice if it were stated as explicitly as Martin does on this site but other than that, full of loads of great advice.


SimpyWimpy: Your banking shares must be up after the last week or so. Did you cash them in?

BillytheFish_2

Another lesson is that you MUST do your own research on shares and don't rely on the advice of opinions in forums and on bulletin boards.

You will find that half the people on a board devoted to a particular share are really optimistic about the share rising in value (the holders of the share) and the other half are extremely pessimistic (people selling short on the share).

BillytheFish_2

Oh, and one final bit in the spirit of Moneysaving. Have a look at http://www.shareprice.co.uk/

It's linked to interactive investor and is the only FREE real-time share price site that I've found (although you do have to register and opt-in to their newsletter). The site is at an early stage (they keep adding features) and I suspect that they may charge for the service at some point.

cue

hmmn most of this is telling me what i thought, it no use starting with say a small amount that you can afford to loose and gambling up to a decent amount.

I've always thought of shares as a long term investment - current some in my portfollio are over 15 years old..... But recently I've thought about using the index for short term gains also, but with lesser amounts, this doesn't seem to be viable with tens of pounds, !!!!!!

flipatron

I've only started investing in the last month, buying £1000 of Barclays @ 66p. I've decided to invest a further 5x£200 in five other companies that have seen their share price drop through the floor. Just started with Taylor Wimpey and need advice on the other four.

I'm not taking your advice as gospel, I'm just trying to gain a broad spectrum of opinion.:beer: